Duke did not disclose the terms of the deals, only saying that the three solar projects it is buying will cost approximately $250 million. Among the new projects, perhaps the most notable is a 65 megawatt solar farm being built by Strata Solar, which Duke Energy claims will be the largest solar project east of the Mississippi River.

The $500 million investment “demonstrates our commitment to solar and renewables on the regulated side of the utility, and in doing so in a way that benefits our customers,” said Rob Caldwell, senior vice president for distributed generation at Duke.

About IndianaDG

The Indiana Distributed Energy Alliance was incorporated with the Indiana Secretary of State on 3/15/2012 as a non-profit corporation. The Alliance intends to incorporate as a 501(c)(3) organization with the IRS. This reorganization is intended to allow for a broader coalition effort amongst businesses, individuals, elected officials, local units of government, colleges and universities, labor unions, economic development groups as well as environmental and consumer organizations to join together to promote renewable energy and distributed generation.